For the past couple decades, I have worked in banking, software, health, and government. In each of these areas, I have dealt with many aspects of legal recovery, and the one thing I know is that if you are pre-paying legal costs, YOU ARE PAYING TOO MUCH!  I want to take you through a recent example from my experience that exemplifies this problem.

THE PROBLEM 

During the first weeks of my employment as a bank officer over collections and recovery, I was reconciling the recovery payments from our legal recovery vendor and noticed a line in the invoice: “Prepaid Legal and Attorney Fees". As I tried to understand this, I worked to get a breakdown of these costs and learned the information was limited and difficult to obtain.

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